- The Independent Authority for Public Revenue aims to reduce the VAT gap to the EU average and cut tax evasion by 40% by 2029
- The strategic plan for 2025-29 includes automating tax refunds with over 95% processed within 30 days by 2029
- Reducing the VAT gap to the EU average would increase VAT revenue by about 1.4 billion euros
- In 2022, Greece’s VAT gap was 13.7% compared to the EU-27 average of 6.99%
- Closing half of this gap would generate an additional 1.4 billion euros
- Key goals for 2029 also include doubling the collection of overdue debts and reducing revenue losses from smuggling
- The plan aims for a 96% timely submission rate for income tax and 99% for VAT
- It targets raising timely payments to 90%
- Aims for 95% completion of digital requests from business partners within 24 hours and other requests within three working days
- Over 90% of import declarations and over 95% of export declarations to be cleared within one hour
- Plans for 80% electronic end-to-end procedures for tax administration services
- Over 30% of AADE officials will focus exclusively on auditing
- All staff will be trained in new systems and technologies
- The plan includes reducing the AADE corruption perception index gradually
- The strategy is based on five main objectives including easy compliance, focus on citizens and businesses, addressing non-compliance risks, using data technology and human resources effectively, and pursuing operational excellence
Source: ekathimerini.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
